Regulation no. 7/2014 for amending and supplementing Regulation no. 3/2006 on the authorization, organization and functioning of the Investors Compensation Fund, approved by Order no. 12/2006 of the National Securities Commission was published in the Official Gazette of Romania, Part I no. 305 of April 24, 2014.
The regulation introduces changes for the efficiency of the activity performed by the Investors Compensation Fund, amongst others, by changing the meaning of specific terms and conditions and by establishing a procedure with respect to compensations payment.
Norm 4/2014 of the Financial Supervisory Authority (ASF) regarding the implementation of the ESMA Guide regarding the remuneration policies and practices, according to which the financial investment firms (SSIF), the financial institutions, the asset management companies (SAI) and the manager of alternative investments funds (AFIA) have to prepare specific remuneration procedures and to review the related internal control procedures, the deadline being established on September 10, 2014 was published in the Official Gazette of Romania, Part I no. 268 of April 11, 2014.